Gce Model Questions Vol1 2023 Commerce Question 39

Practice objective / multiple choice question 39 from the 2023 Gce Model Questions Vol1 Commerce examination.

Gce Model Questions Vol1 2023 Commerce Objective / Multiple Choice Easy Difficulty
Question 39 GCE_MODEL_QUESTIONS_VOL1 • 2023 • COMMERCE • objective

A shop sells 120 units of a product at \(\text{₦}2{,}500\) each. The total cost of purchasing the stock was \(\text{₦}240{,}000\). What profit did the shop make from this sale?

Answer Options

A. ₦50,000
B. ₦55,000
C. ₦70,000
Correct Answer D. ₦60,000
Correct Answer
D
Correct Option:
₦60,000

About This Question

This is Gce Model Questions Vol1 2023 Commerce Question 39. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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